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Infor Customer Excellence Award for Deployment of Infor HMS in the Cloud Awarded to Mandarin Oriental Hotel Group


Infor’s digital hotel management solutions have helped the hotel chain enhance their hospitality services benefitting both colleagues and guests


BEIJING, CHINA – Media OutReach – 16 September 2020 Infor, a global leader in business cloud software specialized by industry, today announced at Inforum that Mandarin Oriental Hotel Group (MOHG) has won the 2020 Infor Customer Excellence Award (APAC) for their implementation of Infor’s digitalized cloud solution, namely Infor Hospitality Management Solution (HMS).


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Eric Wong, Vice President, Hospitality, Infor Asia Pacific

MOHG is an operator of some of the most luxurious hotels, resorts and residences located in prime destinations around the world. Since 2018, the  decision to leverage Infor HMS has helped them achieve a best in class global platform for colleagues and a base for digital integration into other key systems, optimizing the guest experience.


Born in the cloud, the multi-tenancy HMS property management software gives employees access to actionable information about guests and prospects, allowing them to quickly assess each booking and offer guests a rich experience.


A World of Accomplishments in Just Two Years


Technology plays a critical role in the hospitality management business and hoteliers require the latest digital tools to reduce administrative burdens and focus on delivering core business value and guest satisfaction.


Infor HMS has improved MOHG’s ability to capture a detailed understanding of guests and appropriately use that information to enhance experiences and personalize offers, while increasing efficiency and streamlining colleague-guest interaction to establish solid long-term relationships. HMS empowered MOHG to effectively and efficiently support company growth, including the ability to enter into new geographies with the flexibility to support unique property operations, localized business requirements, data privacy laws and more, all while reduicng corporate effort.


Infor’s digital solutions has also allowed MOHG to quicken the pace of converting new properties to system standards, while reducing the cost and enabling new properties to quickly leverage the benefits of the group’s systems. MOHG is now poised for future innovation that allows for low cost experimentation and agile support for new business concepts and processes.


“We are happy that our services have helped Mandarin Oriental Hotel Group streamline their hotel management experience globally and believe they are more than deserving of an Infor Customer Excellence Award,”said Eric Wong, Vice President, Infor APAC Hospitality. “The robust, highly-flexible and purpose-built Infor HMS solution offers clients quick and agile implementations so that hoteliers can get off the ground and reap the benefits of our secure, cloud-based toolset.”


“Currently, MOHG is running Infor HMS in the cloud in its properties across Asia Pacific, including China, Hong Kong, Macau, Japan, Thailand, Singapore and Indonesia,” Eric added.

Full-Scale Implementation Made Easy


The deployment of HMS at MOHG, dubbed the Systems Transformation project involved both internal management and external consultants. Implementation was guided by a Steering Committee which set the strategic direction, prioritized system requirements and selected vendors. As the project was intended to enhance and standardise key processes as well as transition technolgy, the decision was made by the Steering Committee to take an in-house approach to project implementation with consulting support from key partners including Infor. In mid-2017, a cross-functional project team was assembled to lead the project and perform the key tasks needed.


After these core decisions were finalized, full-stage rollout of Infor HMS started in June 2019 with three regional teams working in tandem (APAC, EMEA and the Americas). Implementation was fast and efficient, with HMS being deployed at 23 of the Group’s 33 properties worldwide within 9 months, from May 2019 to March 2020. The project is now complete save those properties that have been delayed due to Covid-19.


“”We are constantly evolving to improve our guest interactions to anticipate and meet their needs,” said Todd Wood, VP of Information Technology, Mandarin Oriental Group. “We’ve identified the criticality of putting the right infrastructure in place to enable that which was the genesis of this project.  We are extremely pleased with the partnership with Infor, the strong mutual execution to date across a broad global portfolio, the incremental value already delivered, and what it will enable for us and our guests for years to come.”


MOHG’s success story is just one example where Infor HMS has helped hospitality service providers overhaul their business and enhance the relationship between guests, management and the hotel experience. Moving forward, Infor will be there to help even more hoteliers innovate better experiences with HMS.

Media Contact:

Phyllis Tan

Infor Asia Pacific

[email protected]

+65 9799 9133

About Mandarin Oriental Hotel Group

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world’s most luxurious hotels, resorts and residences. Having grown from its Asian roots into a global brand, the Group now operates 33 hotels and seven residences in 23 countries and territories, with each property reflecting the Group’s oriental heritage and unique sense of place. Mandarin Oriental has a strong pipeline of hotels and residences under development, and is a member of the Jardine Matheson Group.

About Infor

Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit



Verastem Oncology Announces New Data Published in The Lancet Oncology Supports Potential of VS-6766 as Treatment for RAS Mutant Tumors


Verastem, Inc. (Nasdaq:VSTM) (also known as Verastem Oncology), a biopharmaceutical company committed to advancing new medicines for patients battling cancer, today announced new data have been published today in The Lancet Oncology. The study evaluated the intermittent dosing schedule of VS-6766 (formerly known as CH5126766) to inform further testing of VS-6766 as both a single agent in RAS/RAF-mutant cancers such as KRAS mutant non-small cell lung cancer (NSCLC) or in combination with small molecules including the FAK inhibitor defactinib in KRAS mutant solid tumors (NCT03875820). In this dose-escalation study, tolerability and antitumor activity were observed across various cancers with RAS/RAF/MEK pathway mutations.

The positive results observed with this innovative intermittent dosing regimen of VS-6766 demonstrate its significant potential across various cancers with RAS/RAF/MEK pathway mutations, stated Udai Banerji, Professor of Molecular Cancer Pharmacology at The Institute of Cancer Research, London, and Honorary Consultant in Medical Oncology, MBBS, MD, DNB, PhD, FRCP at The Royal Marsden NHS Foundation Trust, London, and lead investigator of the clinical study. We were encouraged by the data, demonstrating both antitumor activity and tolerability of VS-6766, and this intermittent schedule can be used alone or for combination therapy schedules with other anticancer agents for a variety of difficult-to-treat cancers.

The full manuscript, titled Intermittent schedules of the oral RAF“MEK inhibitor CH5126766/VS-6766 in patients with RAS/RAF-mutant solid tumours and multiple myeloma: a single-centre, open-label, phase 1 dose-escalation and basket dose-expansion study, can be accessed here.

These results support the potential of VS-6766 as a treatment for a variety of cancers where conventional approaches have been sub-optimal and there is significant unmet need. We believe VS-6766 has the potential to be the backbone of RAS therapy by addressing the multiple points of resistance and toxicity issues that have made advancing new options difficult, said Brian Stuglik, Chief Executive Officer of Verastem Oncology. Our Phase 2 registration-directed trials with VS-6766 in low grade serous ovarian cancer and KRAS mutant NSCLC are scheduled to begin by the end of this year. These adaptive design trials are a capital efficient approach to rapidly evaluate VS-6766 alone or in combination with defactinib to determine which regimen to take forward into the expansion phase of the trial.

Results from the Phase 1 Study Investigating Intermittent Dosing of VS-6766 in Patients with RAS/RAF-mutated Solid Tumors and Multiple Myeloma

Between June 2013 to January 2019, 58 patients, including 51 patients with solid tumors and seven patients with multiple myeloma, were enrolled in a study conducted at The Institute of Cancer Research (ICR) and The Royal Marsden Hospital in the U.K. The study consisted of two parts; 1) dose escalation part to determine the recommended dosage (29 patients) and 2) basket expansion part to investigate efficacy and safety of the recommended dosage determined in the dose escalation part (29 patients).

Four mg twice weekly was established as the recommended Phase 2 dose for VS-6766 monotherapy and was deemed tolerable based on clinicians assessment with several patients remaining on study for more than six months.

In the subsequent basket expansion part, seven (26.9%) of 26 response-evaluable patients with RAS mutations in the basket expansion achieved objective responses, with response rates in patients with NSCLC, gynecological malignancies, colorectal cancer (CRC), melanoma, and multiple myeloma being 3/10 (30%), 3/5 (60%), 0/4 (0%), 0/1 (0%), and 1/6 (16.7%), respectively. In all six responders with solid tumors, tumor shrinkage was observed at the time of the first restaging scan after two cycles of treatment, with partial responses confirmed after two to four cycles. Five of the six responses lasted more than six months.

Among the 57 safety-evaluable patients, the most common Grade 3/4 treatment related adverse events (TRAEs) were rash (19%), CPK elevation (11%), hypoalbuminemia (11%), and fatigue (7%). Five (9%) patients experienced treatment-related serious adverse events. In the study, TRAEs were manageable, resolved spontaneously or reversed with dose modification. There were no treatment-related deaths. The study also confirmed a long half-life of 55 hours and target engagement in the form of reduction of both p-ERK and p-MEK in three patients who underwent paired biopsies, supporting intermittent dosing schedules.

This study was supported by Chugai Pharmaceutical Co., Ltd. Verastem in-licensed VS-6766 from Chugai in January 2020.

About VS-6766

VS-6766 (formerly known as CH5126766 and CKI27) is a unique inhibitor of the RAF/MEK signaling pathway. In contrast to other MEK inhibitors in development, VS-6766 blocks both MEK kinase activity and the ability of RAF to phosphorylate MEK. This unique mechanism allows VS-6766 to block MEK signaling without the compensatory activation of MEK that appears to limit the efficacy of other inhibitors.

About Defactinib

Defactinib (VS-6063) is an oral small molecule inhibitor of FAK and PYK2 that is currently being evaluated as a potential combination therapy for various solid tumors. The Company has received Orphan Drug designation for defactinib in ovarian cancer and mesothelioma in the US, EU and Australia. Preclinical research by Verastem Oncology scientists and collaborators at world-renowned research institutions has described the effect of FAK inhibition to enhance immune response by decreasing immuno-suppressive cells, increasing cytotoxic T cells, and reducing stromal density, which allows tumor-killing immune cells to enter the tumor.1,2

About the VS-6766/Defactinib Combination

RAS mutant tumors are present in 30% of all human cancers and have historically presented a difficult treatment challenge and are often associated with significantly worse prognosis. Challenges associated with identifying new treatment options for these types of cancers include resistance to single agents, identifying tolerable combination regimens with MEK inhibitors and new RAS inhibitors in development addressing only a minority of all RAS mutated cancers.

The combination of VS-6766 and defactinib has been found to be clinically active in patients with KRAS mutant tumors. In an ongoing investigator-initiated Phase 1/2 FRAME study, the combination of VS-6766 and defactinib is being evaluated in patients with LGSOC, KRAS mutant NSCLC and colorectal cancer (CRC). Updated interim data from this study presented at the 2nd Annual RAS-Targeted Drug Development Summit in September 2020 demonstrated a 56% overall response rate and long duration of therapy among patients with KRAS-G12 mutant LGSOC. Based on an observation of higher response rates seen in NSCLC patients with KRAS-G12V mutations in the study, Verastem will also be further exploring the role of VS-6766 and defactinib in KRAS-G12V NSCLC. The FRAME study was expanded in August 2020 to include new cohorts in pancreatic cancer, KRAS mutant endometrial cancer and KRAS-G12V NSCLC.

About Verastem Oncology

Verastem Oncology (Nasdaq: VSTM) is a development-stage biopharmaceutical company committed to the development and commercialization of new medicines to improve the lives of patients diagnosed with cancer. Our pipeline is focused on novel small molecule drugs that inhibit critical signaling pathways in cancer that promote cancer cell survival and tumor growth, including RAF/MEK inhibition and focal adhesion kinase (FAK) inhibition. For more information, please visit

Forward-Looking Statements Notice

This press release includes forward-looking statements about Verastem Oncologys strategy, future plans and prospects, including statements related to the potential clinical value of the RAF/MEK/FAK combination and the anticipated timeline for Phase 2 registration-directed trials with VS-6766 in low grade serous ovarian cancer and KRAS mutant NSCLC. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” can, promising and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement.

Applicable risks and uncertainties include the risks and uncertainties, among other things, regarding: the success in the development and potential commercialization of our product candidates, including defactinib in combination with VS-6766; the occurrence of adverse safety events and/or unexpected concerns that may arise from additional data or analysis or result in unmanageable safety profiles as compared to their levels of efficacy; our ability to obtain, maintain and enforce patent and other intellectual property protection for our product candidates; the scope, timing, and outcome of any legal proceedings; decisions by regulatory authorities regarding labeling and other matters that could affect the availability or commercial potential of our product candidates; whether preclinical testing of our product candidates and preliminary or interim data from clinical trials will be predictive of the results or success of ongoing or later clinical trials; that the timing, scope and rate of reimbursement for our product candidates is uncertain; that third-party payors (including government agencies) may not reimburse; that there may be competitive developments affecting our product candidates; that data may not be available when expected; that enrollment of clinical trials may take longer than expected; that our product candidates will experience manufacturing or supply interruptions or failures; that we will be unable to successfully initiate or complete the clinical development and eventual commercialization of our product candidates; that the development and commercialization of our product candidates will take longer or cost more than planned; that we or Chugai Pharmaceutical Co., Ltd. will fail to fully perform under the VS-6766 (CH5126766) license agreement; that we may not have sufficient cash to fund our contemplated operations; that we may be unable to make additional draws under our debt facility or obtain adequate financing in the future through product licensing, co-promotional arrangements, public or private equity, debt financing or otherwise; that we will be unable to execute on our partnering strategies for defactinib in combination with VS-6766; that we will not pursue or submit regulatory filings for our product candidates, and that our product candidates will not receive regulatory approval, become commercially successful products, or result in new treatment options being offered to patients.

Other risks and uncertainties include those identified under the heading Risk Factors in the Companys Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the Securities and Exchange Commission (SEC) on March 11, 2020 and in any subsequent filings with the SEC. The forward-looking statements contained in this press release reflect Verastem Oncologys views as of the date hereof, and the Company does not assume and specifically disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

1 Gerber D. et al. Phase 2 study of the focal adhesion kinase inhibitor defactinib (VS-6063) in previously treated advanced KRAS mutant non-small cell lung cancer. Lung Cancer 2020: 139:60-67. 2 Chnard-Poirier, M. et al. Results from the biomarker-driven basket trial of RO5126766 (CH5127566), a potent RAF/MEK inhibitor, in RAS- or RAF-mutated malignancies including multiple myeloma. Journal of Clinical Oncology 2017: 35. 10.1200/JCO.2017.35.15_suppl.2506.


John Doyle

Vice President, Investor Relations & Finance

+1 781-469-1546

[email protected]


Lisa Buffington

Corporate Communications

+1 781-292-4205

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Magnetic North Acquisition Corp. Completes Acquisition of Intergild Advanced Recycling Technologies


**Not for distribution to United States Newswire Services or release publication, distribution or dissemination, directly or indirectly, in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws.**

CALGARY, Alberta and TORONTO, Oct. 28, 2020 — Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) is pleased to announce that it has closed its acquisition of Intergild Advanced Recycling Technologies Corp.‎ ‎(the “Transaction”) as previously announced on August 26, 2020.

Pursuant to the share purchase agreement dated effective August 24, 2020, Magnetic North acquired all issued and outstanding shares of Intergild in consideration for (a) the issuance of an aggregate of 400,000 Series A Preferred Shares of the Company at a price of $10.00 per share, (b) a cash payment in the amount of $53,000, and (c) a promissory note in the amount of $377,000, which is due and payable within 60 days of the closing date. Intergild is now a wholly-owned subsidiary of Magnetic North.

Graham Fritz, Founder and former CEO of Intergild has joined the Magnetic North Board of Advisors to assist with e-waste sourcing, further technological initiatives and evaluating future deal flow under the direction of management. In connection with the Transaction, the Company issued 300,000 stock options of the Company to Mr. Fritz and 300,000 warrants of the Company to the other shareholder of Intergild, with each ‎option and warrant entitling the holder to acquire one ‎common share of the Company at a price $0.70 per share for a term of five years.

Magnetic North intends to merge Intergild into the Company’s previously announced and closed investment in CXTL Recycling Canada Corp. (“CXTL”) to augment CXTL’s e-waste recycling solution. Intergild will add significant expertise and a process that allows for the selective separation of the plastic, fibre and metal components of e-waste, and the crystallization of the metals, into marketable commodities. In addition, the acquisition of Intergild will add potential patentable intellectual property to CXTL, and as a result, Magnetic North’s portfolio.

The integration into CXTL will create a complete e-waste recycling solution, which provides full reclamation and monetization for all parts of the e-waste stream in a low-emission system that does not require smelting or a high-energy input. Magnetic North, CXTL and Intergild have been working closely together for the last ten months in ‎order to advance Intergild’s technology, with optimized demonstration machines operating ‎successfully for the last four months. Independent third-party due diligence has been completed, and engineering reports have ‎certified the process. 

E-waste is one of the fastest growing waste problems on the planet. According to the United Nations Coalition Report on E-waste, the growth and value of this waste stream presents a significant global problem, which management believes presents a significant opportunity for the Company. The report references the value of the gold in e-waste that was discarded in 2019 at an estimated US$62.5 billion, which may ultimately be doubled when e-waste’s other valuable metals and components are considered.

About Magnetic North Acquisition Corp.

Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in Calgary and Toronto, our experienced management team applies its considerable management, operations and capital markets expertise to ensure its investee companies are as successful as possible for shareholders. Magnetic North Common Shares trade on the TSX Venture Exchange under the stock symbol MNC. For more information about Magnetic North, visit its website at Magnetic North’s securities filings can also be accessed at

For further information, please contact:

Graeme Dick Investor Relations 403-561-8989 [email protected] Stephen McCormick VP, Capital Markets 403-619-6898 [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


This news release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer’s business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer’s prospective financial performance or financial position. The forward-looking statements include, but are not ‎‎‎‎limited to, statements with respect to the successful integration of the Intergild business and technology and the growth and value of the e-waste stream‎, which are also subject to certain risks, including those set forth below.

The Company has made certain material assumptions, including but not limited to assumptions with respect to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; and the ability of the Company to execute and achieve its business objectives to develop the forward-looking information in this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include but are not limited to: the fact that Intergild has a limited history of operations; limitations inherent in the due diligence process; adverse market conditions; reliance on key and qualified personnel; emergence of superior technologies; as well as regulatory and other risks associated with the industries in which each of Intergild and the Company’s other portfolio companies operate. The Company cautions that the foregoing list of material risk factors and assumptions is not exhaustive.

The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.

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NRPA Recognizes Spokane Parks and Recreation with Its Best in Innovation Award


Ashburn Va.,, Oct. 28, 2020 — The National Recreation and Park Association (NRPA), the nation’s leading advocate for parks and recreation, is proud to recognize the City of Spokane Parks and Recreation Department in Spokane, Washington, with its Best in Innovation Award. The award, which symbolizes the best of the best in park and recreation innovation, was presented virtually, Oct. 28, 2020, as part of the 2020 NRPA Annual Conference: A Virtual Experience.

Also the recipient of NRPA’s Innovation in Park Design Award, the City of Spokane Parks and Recreation was recognized for the redevelopment of Riverfront Park — an area surrounding Spokane Falls and a sacred gathering space of the Spokane tribe. The project transformed the park into a vibrant and sustainable space that links north and south, bringing community together at the river and providing places that celebrate the region’s history, people and natural features. Two of the award-winning park’s signature elements include the U.S. Pavilion, which features stunning river views, illumination, shade and a multi-use event space that serves as the community’s central gathering space, and the Howard Street Promenade, a new pathway that offers intuitive wayfinding with varied color pathways to local points of interest, including the river and quiet green spaces downtown. 

“NRPA is proud to present the dedicated staff and professionals of the City of Spokane Parks and Recreation with this award,” said Kristine Stratton, NRPA President and CEO. “Like so many other park and recreation professionals and agencies across the country, they are making a positive impact on the communities they serve through innovative planning and designs. As their champion, we are proud to honor and recognize their accomplishments. Congratulations to the entire department on this well-earned achievement.”

Selected by the NRPA National Awards and Scholarship Committee, NRPA Innovation Awards recognize park and recreation professionals and agencies nationwide that have improved and revitalized their communities through innovative practices in park design, health and wellness, conservation and equity. To learn more about these awards — including this year’s winners — click here.

To learn more about NRPA, visit  


About the National Recreation and Park Association The National Recreation and Park Association (NRPA) is the leading not-for-profit organization dedicated to building strong, vibrant and resilient communities through the power of parks and recreation. With more than 60,000 members, NRPA advances this mission by investing in and championing the work of park and recreation professionals and advocates — the catalysts for positive change in service of equity, climate-readiness, and overall health and well-being. For more information, visit For digital access to NRPA’s flagship publication, Parks & Recreation, visit

Suzanne Nathan  National Recreation and Park Association  703-858-4748  [email protected]  
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